100 Bagger Hunting

100 Bagger Hunting

Share this post

100 Bagger Hunting
100 Bagger Hunting
From a 200M to a 1 billion dollar Business: A roll-up in security growing at 43% per year

From a 200M to a 1 billion dollar Business: A roll-up in security growing at 43% per year

Averaging up

Kevin's avatar
Kevin
Jul 31, 2025
∙ Paid
30

Share this post

100 Bagger Hunting
100 Bagger Hunting
From a 200M to a 1 billion dollar Business: A roll-up in security growing at 43% per year
5
13
Share

Last week, there was some bad news from one of our local airports.

Due to a lack of security staff, people missed their planes. Waiting times for the security check increased to over 3 hours.

Lines were visible outside of the airport!

Security is big business.

  • Allied Universal: 800,000 employees

  • Securitas: 370,000 employees

  • Gardaworld: 132,000 employees

There’s one flaw, though.

These types of businesses are heavily reliant on staff. Workforce and labour never come cheap (duly so).

The business we’re diving into today doesn’t have that problem.

They focus on technology and providing security as a service (SECAAS or something?)

They have become the number one leader in their country over the last 5 years, but management has an even bigger ambition.

➡️To become a 1 billion dollar business and be recognized as the number 1 security services company.

Some numbers:

  • 5-year revenue CAGR: 43%

  • Gross margins > 40%

  • Recent CFO increase -> 10% shares buyback

And analysts give it a price target 40% higher than today's price.

In addition, we’ll dig a little deeper into our favorite microcap, which has already tripled in a year, but fundamentals have not followed at the same speed. (ok, I admit, it’s a nice problem to have)

Let’s dive in ⬇️

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Kevin@100baggerhunting
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share